Under the guidance of a fund, EI Towers could take part in the consolidation underway in the sector.

"EI Towers will acquire the role of independent operator, a status that will make possible to participate more effectively in the process of consolidation in the broadcasting and telephone towers business...," Mediaset said in a statement.

In 2015 EI Towers attempted to take over rival state-owned Rai Way but met resistance from Italy's then centre-left government, which said it wanted to keep a stake of at least 51 percent in the towers unit of national broadcaster Rai.